Sixty-five movers and shakers from the Crossroads Venture Group Community gathered to grow the Social Media and Mobile Tech industries in Connecticut. There were company showcases and presentations, an investor panel that gave live feedback to presenting companies, as well as an inspiring keynote speaker!
Three strong Rising Entrepreneurs presented at this months CVG event in front of a panel of experienced and knowledgeable investors. After each presentation, investors had the opportunity to ask questions and provide feedback.
Burbio Inc. – Julie Roche, Co-Founder & CEO
Burbio is a calendar-driven community platform that brings together school, sports and community group calendars, to give residents a personalized resource.
KenCast Inc. – Richard Brand, CFO
KenCast was selected by movie industry consortium for secure delivery of first release films & live sports events.
Wellinks Inc. – Ellen Su, Co-Founder & CCO
Wellinks is a wearable health technology company dedicated to improving clinical outcomes through education and creation of good habits around treatment.
Presenting Companies presented to a panel of experienced investors:
Matthew Bloom, Investment Associate, Connecticut Innovations
John Lim, CEO & Founder, Life in Mobile; Angel Investor
Lesley Stroll, Member, Angel Investor Forum; Member, Wharton Alumni Network
Peggy Wallace, Founding Member & Managing Director, Golden Seeds LLC; Managing Partner, Golden Seeds Fund
Immediately following the company presentations, John Lim, CEO and Founder of Life in Mobile, delivered a thought provoking, encouraging presentation that had entrepreneurs on the edge of their seats.
“Would you rather be rich, or be king?”
“Would you rather be rich, or be king,” started Lim. “If both, are they one in the same?” Entrepreneurs cocked their heads as Lim began his presentation with a quick, yet descriptive, depiction of his early years as an entrepreneur. Starting with his attempt to acquire paper routes as a 10-year-old boy to the art of striking deals as a 20-year-old in a NYC pub where the bar tender served him virgin cranberry vodkas. How he lost his wealth just as quickly as he found it.
The message was clear, chase money and don’t bother calling yourself an entrepreneur. Being an entrepreneur is not about chasing the dollar, its about taking risks, being passionate, working hard and above all, innovating through limitations.
“If you don’t lose you’re not doing it right.”
Lim went on to explain that the mobile device is the only gadget, since the advent of the car, that has drastically shifted human behavior. When you work in the mobile industry it’s not about building magic tech, its about summoning an emotional response from the user.
“You’re not building the technology, you’re building an experience behind it.”
At the conclusion of his presentation Lim circled back to what it means to be a successful entrepreneur; highlighting some of his struggles and how they’ve shaped him into the successful entrepreneur he is today.
“You need to realize your limitations so you can innovate them,” he said. “It’s easy to be an OK entrepreneur; 34 million small businesses exist in this country and less than 7% of them generate over 1 million dollars each year. Distraction is the key to failure.”
Tech Transfer – October 8
*Innovation Summit (Apply to be a Tech Company To Watch) – November 10
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